OK HB2374

Amends the Filmed in Oklahoma Act of 2021 to add new definitions for "live audience episodic television" (minimum 50-person audience) and "loan-out corporation/company" (entities registered with the Secretary of State used to report production payments as Oklahoma earnings)

Requires production companies or their payroll providers to withhold Oklahoma income tax at the highest statutory rate on all payments to loan-out companies for services performed in Oklahoma, with amounts allocated to employees who become subject to state income taxation

Expands qualifying expenditures to include wages for participants in Oklahoma Career Tech Certification Programs and restorative workforce programs, in addition to existing categories like state residents, full-time students, and active military

Designates $35,000 annually from the program's top tier funding for economic impact reviews of the film incentive program

Effective July 1, 2025, with emergency clause for immediate effect upon passage and approval